Bond Sundaram Financial Bonds 9.75% ( INE660A08BP4 ) in INR

Issuer	Sundaram Financial Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE660A08BP4 ( in INR )
Interest rate	9.75% per year ( payment 1 time a year)
Maturity	31/01/2023 - Bond has expired
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Minimal amount	/
Total amount	600 000 000 INR
Detailed description	Sundaram Finance Bonds are debt instruments issued by Sundaram Finance, a prominent Indian non-banking financial company (NBFC), offering investors fixed income with varying maturities and interest rates. This financial article details the successful maturity and redemption of an Indian Rupee-denominated bond, uniquely identified by its ISIN code INE660A08BP4, issued by Sundaram Finance Bonds. Sundaram Finance, a prominent Non-Banking Financial Company (NBFC) headquartered in India, commands a significant presence in the nation's financial landscape, primarily through its core business in vehicle finance, complemented by substantial operations in equipment finance, home finance, and asset management, underscoring its diversified portfolio and well-established market position. The bond itself, classified as a fixed-income obligation, offered an attractive annual interest rate of 9.75% and was fully denominated in Indian Rupees (INR), representing a total issue size of INR 600,000,000. Structured with a payment frequency of one (typically indicating annual interest payments or a single payment at maturity), the instrument reached its predefined maturity date on January 31, 2023. As confirmed on its maturity date, the bond was fully redeemed at 100% of its face value, ensuring that investors received their principal repayment in full, thus highlighting the issuer's financial integrity and the successful conclusion of this specific debt offering.